We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
“The dollar responded rather poorly to President-elect Obama’s long awaited speech on the economy yesterday, holding it own ahead of the speech, but then falling as he made it clear that his Administration shall be what we feared it might be: a “big government, big spending, high tax, centre-Left” regime. We had hoped that Mr. Obama would give a nod to those calling for lower taxes across the board. We had hoped that he might surprise the world and call for cuts in capital gains taxes. We had hoped that he would make calls for changes in legislation to make government less onerous, less intrusive, less collective, but instead he said in the bluntest of terms that “only government” can turn things around in the economy already in recession and that Washington knows best. “
This recipe will not lead to a quicker recovery or stronger economy in the short, medium or long term. It is a recipe for more government control and ultimately less freedom. The left is less concerned about the greater good, economic opportunity and liberty than they are concerned with power. Power comes by making people dependent on government not free from it. You don’t bite the hand that feeds you. Obama will spin what appears to be good intentions to get people to abdicate their right and freedom to choose in exchange for any number of elusive promises. Obama will blame all failures on Bush. It is a rather simple formula. Listen for it. You will hear many times. If you like government, you will like Obama.
I would rather make my own choices and you make yours. After all, we know what is best for ourselves (unless you believe in the nanny state).
If stimulus is to be employed, here is one solution that I believe would lead to a much quicker recovery without a permanent expansion of government and keeping economic freedom as best as possible in private hands. (Somehow I don't see how permanent expansion of government with another 600,000 government jobs is going to help anything.)
Eliminate payroll/FICA taxes for six months.
· First, you put money into the pockets of individuals and corporations immediately versus infrastructure spending that will take months if not years to do (and at high cost and minimal efficiency).
· Two, lower income people who need the money also have the highest propensity to spend.
· Three, even if those dollars are used to reduce debt, it will position those people to spend more quickly than building a bridge in upstate New York two years from now.
· Four, corporations may be more willing to keep employees if the cost of having them decreases 7.5%.
· Five, the cost to the Treasury will be no worse.
· Sixth, you and I and everybody else knows what we need better than a government bureaucrat.
Again, Obama won't do this because he wants more government control over our lives and he really does not care about the citizenry as a whole.
I believe this would spur an economic recovery faster, which would be good for all of us.